As The European Outlook Worsens, Keep These Low-Beta Dividend Stocks On Your Radar
By Parsimony Investment Research:As bad as the debt problems in Europe seem, we have a bad feeling that the situation is even worse than any of us expect. Last Friday, Standard & Poor's downgraded their ratings on nine Europen countries as efforts to fight the crisis have fallen drastically short. Most notably, S&P lowered the top ratings of France and Austria one level to AA+, leaving Germany the Euro area's only stable AAA grade. Bill Gross added to the fire this weekend by predicting that Greece will default following the S&P downgrades. The global economy is being weighed down by a debt problem that took over two decades to create.
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Source: Citigroup
The leverage that has built up in the system will not unwind for years to come and it will continue to provide significant uncertainty and market volatility. As central banks drive down short-term rates to deal with highComplete Story »
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